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Amazon bucked one of the worst quarters in market history and posted a gain amid the COVID crisis a?? Here's why Wall Street loves the stock (AMZN)

Amazon bucked one of the worst quarters in market history and posted a gain amid the COVID crisis a?? Here's why Wall Street loves the stock (AMZN)
Jeff Bezos/Instagram



Amazon shares gained 5.5% in the first quarter, while other tech giants and the broader market tanked amid the coronavirus outbreak.




Analysts told Business Insider that Amazon is well-positioned to hold up against the recession because of the surge in online shopping and its cloud service usage, among others.




46 of the 48 analysts that track Amazon's stock recommending buying it, the most number of "buy" ratings among all S&P 500 companies, according to FactSet.




The employee revolt against Amazon's working conditions is not expected to have a major impact on consumer behavior, analysts say.




Visit Business Insider's homepage for more stories.



Few companies stand to gain as much as Amazon during the coronavirus outbreak as more people shop and work online following "stay-at-home" mandates issued across the country.
And Wall Street is rewarding Amazon for that.
Amazon's stock finished the first quarter with a positive gain while other tech giants and the broader market suffered steep losses across the board.
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